Egyptians are quickly losing the hopeful optimism that once fueled the revolution, as the economy deteriorates, dissatisfaction with the Brotherhood government grows, and security is still questionable.
A $4.8 billion loan from the IMF depends on President Mohamed Morsi’s willingness to impose austerity measures, a move which could tip the scales into civil disorder, as Reuters reports:
With their patience already stretched after years of upheaval, Egyptians—from the capital Cairo to smaller towns like Zagazig—appear to be nearing the point where discontent could explode into a new wave of unrest.
“There is no security. There is nothing,” said Soheir Abdel Moneim, a retired school teacher, as she hurried through an open-air market in Zagazig [a city northeast of Cairo] in search of vegetables she could afford.
“The pound is falling. Everything is more expensive. Is there anything that has not become more expensive?” she asked with a shrug, as traders on bicycles loaded with their wares dodged through the chaos of the market.”
More @ The American Interest
No comments:
Post a Comment